AVP, Legal Counsel, Protection at Pacific Life

Seoul, South Korea, South Korea

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, ReinsuranceIndustries

Requirements

Qualified solicitor of 5-7 years’ PQE
General contract and commercial law experience, preferably at a top-tier Korean or international law firm
High standard of written and fluent spoken English
Native written and spoken Korean

Responsibilities

Work closely with the Korea Branch team, Japan team, and other stakeholders to manage review, negotiation, development, and deployment of reinsurance documentation (40%)
Serve as Compliance Officer for the Korea Branch, responsible for overall compliance function and designations including Chief Risk Officer (CRO), Privacy Officer, AML Officer (45-50%)
Identify and take ownership of legal and regulatory issues for the Korea Branch
Attend Korea Branch entity meetings and present on legal and compliance matters
Ensure compliance with internal and external policies and regulations for the Korea Branch
Draft and update Korea Branch Operating Guidelines
Proactively research and advise on relevant Korean regulatory matters
Prepare ad hoc reports for regulators and ensure timely filings
Act as first contact for liaison with Korean regulators and authorities
Manage risk management matters in consultation with AVP, Risk, Asia, including corporate governance, internal controls, fraud prevention/detection
Lead embedding of risk management framework, including regular stress tests
Own Korea Branch-specific policies (e.g., Internal Controls Policy, Risk Management Standard)
Ensure risk management framework meets local regulatory requirements as CRO
Advise on risk-related matters, interventions, and risk culture
Draft, review, and advise on commercial agreements and handle ad hoc legal/compliance queries (e.g., data protection, HR, IT, finance) (10-15%)
Perform annual/quarterly legal compliance activities, including internal/external training
Provide ad hoc advice on disputed claims
Liaise with wider Pacific Life Re and Pacific Life legal teams for standards and collaboration

Skills

Contract Negotiation

Reinsurance Documentation

Compliance Officer

Korean Regulatory Law

AML Compliance

Privacy Officer

Chief Risk Officer

Regulatory Reporting

Risk Management

Pacific Life

About Pacific Life

Newport Beach, CaliforniaHeadquarters

1868Year Founded

$189.4MTotal Funding

N/ACompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health Insurance

Paid Vacation

Paid Parental Leave

Adoption Assistance

401(k) Retirement Plan

401(k) Company Match

Risks

Increased competition in annuities market from companies like Prudential and MetLife.

Potential financial exposure from significant real estate investments.

Integration challenges with Selerix could affect customer satisfaction.

Differentiation

Pacific Life partners with T. Rowe Price for innovative Lifetime Income solutions.

Recognized as a top community-minded company, enhancing brand reputation and trust.

Real-time integration with Selerix improves benefits administration accuracy and efficiency.

Upsides

Lifetime Income solution attracts clients seeking secure retirement options.

Enhanced annuity products offer flexibility and growth, increasing product attractiveness.

Strong real estate financing position opens more sector opportunities.

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